DOMINOS PIZZA $DPZ | RANGE BREAKOUT AFTER EARNINGS? - Oct 06 '24DOMINOS PIZZA NYSE:DPZ | RANGE BREAKOUT AFTER EARNINGS? - Oct 06 '24
BUY/LONG ZONE (GREEN): 435.00 - 475.00
DO NOT TRADE/DNT ZONE (WHITE): 420.75 - 435.00 (can be extended to 402.00 - 435.00)
SELL/SHORT ZONE (RED): 370.00 - 402.00 (can be extended to 370.00 - 420.75)
Weekly: DNT
Daily: Bearish
4H: Bearish
NYSE:DPZ saw a massive drop from previous earnings, -13.57% drop post earnings release. Price then develops into a range, highs around 442 - 445 level, lows around 402. I am looking for the next earnings release (Oct 10, pre market) to be a catalyst to either breakout or breakdown the range that we've seen the past couple of months. I am looking for price to remain between the levels 420.75 and 427.75, or to break above 427.75, but rest under 435.00 until the earnings report is out.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
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